Flour millers urge govt to cut in wheat sale price from FCI stocks

They say that it will bring down prices of atta and packaged food such as biscuits

As the government looks to liquidate its mounting stocks of wheat, flour millers have advised it to lower the rate at which wheat is sold for open market operations by Rs 500 a quintal, saying the move will help it to earn around Rs 16,000 crore in revenues.

This is assuming that six million tonnes of wheat are liquidated after the price cut by way of domestic demand.

Food Corporation of India (FCI), the largest holder of wheat in India, also has direct control at which products such as atta, biscuits etc are available to the average consumer, particularly those outside the